According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and ...

In this piece, OLUWAKEMI ABIMBOLA explores Ponzi schemes that promise wealth but ... to launch an investigation into the alleged N1.3 tn fraud, with the anti-graft agency’s spokesman, Dele ...

The SEC has charged PGI Global’s CEO in a $198M crypto Ponzi scheme that duped over 90,000 investors with fake AI trading ...

A disbarred attorney was sentenced to 30 months in prison by a federal judge in New Jersey this week after pleading guilty to a "Ponzi-like wire fraud scheme" that defrauded investors of more than ...

An Austin-based real estate lender already under court-appointed receivership is facing allegations that its investment operation was a Ponzi scheme “from the very beginning,” according to the ...

alleging he ran a “Ponzi-like scheme” that defrauded investors of nearly $200 million — and spent $57 million of customer money on Lamborghinis, real estate and luxury goods. Ramil Palafox ...